YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Reaches New 1-Year Low – Time to Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $8.77 and last traded at $8.8010, with a volume of 2024190 shares changing hands. The stock had previously closed at $9.10.

YieldMax MSTR Option Income Strategy ETF Trading Down 1.9%

The stock’s 50-day moving average is $13.16 and its 200 day moving average is $18.17.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.6074 per share. The ex-dividend date is Thursday, November 13th. This represents a dividend yield of 9,481.0%.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Hedge funds have recently made changes to their positions in the company. Jump Financial LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 2nd quarter worth approximately $9,424,000. Maripau Wealth Management LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at about $1,017,000. Fiduciary Alliance LLC lifted its stake in shares of YieldMax MSTR Option Income Strategy ETF by 99.4% in the second quarter. Fiduciary Alliance LLC now owns 75,767 shares of the company’s stock valued at $1,680,000 after buying an additional 37,773 shares in the last quarter. Arkadios Wealth Advisors bought a new position in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at $477,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of YieldMax MSTR Option Income Strategy ETF in the third quarter valued at approximately $288,000.

About YieldMax MSTR Option Income Strategy ETF

The YieldMax MSTR Option Income Strategy ETF (MSTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the MicroStrategy stock (MSTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys.